Recently, due to the news that ETH's ETF was approved, ETH on-chain coin Tugou has received a lot of traffic. #shib has a large market value, so the traffic center is concentrated on the ETH meme on Binance with a small market value. #pepe #people is the most powerful in this round, and people is a little stronger.

Community Jun had a whim and went to the chain to look at people's transactions. First, I took a screenshot of the balance information and found that people is different from the previous on-chain tokens that skyrocketed. In the past, when tokens often skyrocketed, some addresses kept withdrawing coins from exchanges to the chain. People has almost no such addresses. There are only two addresses at the top that account for a small proportion, which were hoarded hundreds or dozens of days ago, and then most of the balances went to exchanges, and large transfers were basically transferred between exchanges. This is different from the situation with other coins, which also means that there is unlikely to be a situation where the early funds that have been ambushed for a long time will randomly smash the market. As long as the exchange is cleaned up, it will be a bit difficult to stop the pull.